About Cedar
Cedar is a company based in New York (United States) founded in 2016 by Florian Otto and Arel Lidow.. Cedar has raised $351 million across 6 funding rounds from investors including Kaiser Permanente, J P Morgan and Lakestar. Cedar has completed 1 acquisition, including OODA Health. Cedar offers products and services including Cedar Pay and Cedar Orthodontics. Cedar operates in a competitive market with competitors including Greenphire, Zelis Healthcare, VisitPay, PayZen and InstaMed, among others.
- Headquarter New York, United States
- Founders Florian Otto, Arel Lidow
- Stage Unicorn
-
Sectors
HealthcareFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cedar Cares, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$351 M (USD)
in 6 rounds
-
Latest Funding Round
$200 M (USD), Series D
Mar 09, 2021
-
Investors
Kaiser Permanente
& 15 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Cedar
Cedar offers a comprehensive portfolio of products and services, including Cedar Pay and Cedar Orthodontics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end solution for managing patient healthcare payments
Tools for orthodontics payment processing and patient support
Unlock access to complete
Unlock access to complete
Leadership Team
33 people
Software Development Team
31 people
Product Management Team
20 people
Advisor Team
13 people
Sales and Marketing
13 people
Human Resources and Administration
11 people
Finance and Accounting
8 people
Data Analysis and Operations Team
7 people
Unlock access to complete
Funding Insights of Cedar
Cedar has successfully raised a total of $351M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $200.0M
-
First Round
First Round
(07 Dec 2017)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series D - Cedar | Valuation | Tiger Global Management | |
| Aug, 2020 | Amount | Series C - Cedar | Valuation | Concord Health Partners |
|
| Jun, 2020 | Amount | Series C - Cedar | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cedar
Cedar has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kaiser Permanente, J P Morgan and Lakestar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Invests in healthcare IT and services to advance patient care and efficiency.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Venture capital investments are directed toward multiple sectors by Kinnevik.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cedar
Cedar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OODA Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of AI & cloud-based platform that enables instantaneous data-sharing and payment
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Cedar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cedar Comparisons
Competitors of Cedar
Cedar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenphire, Zelis Healthcare, VisitPay, PayZen and InstaMed, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
|
|
| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
|
|
| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
|
|
| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
|
|
| domain | founded_year | HQ Location |
Healthcare bill payments are facilitated for providers and patients.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cedar
Frequently Asked Questions about Cedar
When was Cedar founded?
Cedar was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Cedar located?
Cedar is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Cedar a funded company?
Cedar is a funded company, having raised a total of $351M across 6 funding rounds to date. The company's 1st funding round was a Series C of $102M, raised on Dec 07, 2017.
What does Cedar do?
Cedar was founded in 2016 in New York, United States, focusing on the healthcare sector. Cloud-based platforms are utilized to deliver patient-oriented billing solutions for practices and hospitals, facilitating electronic payment processing and revenue cycle management. Analytics tools are offered to generate insights that support operational optimizations. Common billing issues are addressed through accessible patient interfaces, enhancing efficiency in healthcare financial operations.
Who are the top competitors of Cedar?
Cedar's top competitors include Greenphire, PayZen and Zelis Healthcare.
What products or services does Cedar offer?
Cedar offers Cedar Pay and Cedar Orthodontics.
How many acquisitions has Cedar made?
Cedar has made 1 acquisition, including OODA Health.
Who are Cedar's investors?
Cedar has 16 investors. Key investors include Kaiser Permanente, J P Morgan, Lakestar, Kinnevik, and CHP Merger Corp.
What is Cedar's valuation?
The valuation of Cedar is $3.2B as of Mar 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.